Joby Aviation's Busy Week: Q2 Beat, Raised Guidance, New Texas Hub
Joby Aviation Inc. (NYSE: JOBY ) had a busy week last week that included second-quarter financial results and a new Texas facility supporting the company’s upcoming eVTOL flight program. Joby Aviation stock is among today’s weakest performers. Why is JOBY stock falling? Q2 Financial Results Joby reported second-quarter adjusted EPS of a loss of 25 cents, missing the consensus estimate of a loss of 23 cents. Revenue came in at $38.64 million, beating the consensus estimate of $30.38 million. The company highlighted first eIPP flights expected in September in Texas, targeting first passengers in 2026, along with what it called its strongest quarterly progress yet in the fifth and final stage of FAA Type Certification. Five aircraft are currently flying, with 12 more in production as the manufacturing ramp continues. The company’s Blade unit generated $36.2 million in s...
Joby Aviation Inc. (NYSE: JOBY ) had a busy week last week that included second-quarter financial results and a new Texas facility supporting the company’s upcoming eVTOL flight program.
Joby Aviation stock is among today’s weakest performers.
Why is JOBY stock falling? Q2 Financial Results Joby reported second-quarter adjusted EPS of a loss of 25 cents, missing the consensus estimate of a loss of 23 cents.
Revenue came in at $38.64 million, beating the consensus estimate of $30.38 million.
The company highlighted first eIPP flights expected in September in Texas, targeting first passengers in 2026, along with what it called its strongest quarterly progress yet in the fifth and final stage of FAA Type Certification.
Five aircraft are currently flying, with 12 more in production as the manufacturing ramp continues.
The company’s Blade unit generated $36.2 million in second-quarter revenue, contributing to an increased full-year 2026 total revenue outlook of $115 million to $125 million.
Joby ended the quarter with $2.3 billion in cash and short-term investments. “With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality,” said JoeBen Bevirt, founder and CEO of Joby.
Secures Fort Worth Base for Air Mobility Services Separately, Joby signed a lease for 45,000 square feet at Alliance Air Trade Center in Haslet, part of Hillwood’s Perot Field Fort Worth Alliance Airport, marking the first significant Texas presence by an eVTOL aircraft manufacturer.
The new hub will support Joby’s upcoming eIPP flights across the Dallas-Fort Worth Metroplex. “Establishing a presence in Texas puts Joby in one of the most exciting markets in the country,” said Greg Bowles, Joby Aviation’s Chief Policy Officer. “This site gives us a base to demonstrate the value of air mobility services across the Dallas-Fort Worth metroplex and the state.” Joby Shares Edge Lower JOBY Price Action: At the time of publication, Joby shares are trading 5.11% lower at $8.37, according to data Pro.
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